# PPP loan: TOOL TECHNOLOGY CORPORATION
> **$324K** approved 04/28/2020 · Paid in Full · Loan `7010987208`
## Borrower
- **Name:** TOOL TECHNOLOGY CORPORATION
- **Address:** 985 Bishop Rd, INMAN, SC, 29349-6857
- **NAICS:** 326199
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $324K
- **Initial approval:** $324K
- **Forgiven:** $326K (101%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $229K
- **Rent:** $26K
- **Utilities:** $39K
- **Health care:** $31K
- **Jobs reported:** 31
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*